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Economy

From Peking duck to autos, coronavirus crushes China's profits

40% of companies suffer losses on domestic demand plummet, Nikkei survey finds

Roast duck is prepared at Quanjude restaurant in Beijing. The venerable Peking duck chain booked a net loss of up to $14 million in the January-March quarter.   © Reuters

SHANGHAI -- More than 40% of China's publicly traded companies booked a net loss for the January-March quarter as the coronavirus outbreak crushed demand across a range of industries, from restaurants and real estate to appliances and automobiles.

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